budget deficit

The federal budget deficit forecast for this financial year has been slashed to just $1.1bn, all but guaranteeing Jim Chalmers will deliver back-to-back surpluses.In a move designed to ease inflationary pressures, the Mid-Year Economic and…

The central government’s fiscal deficit touched 82.8 per cent of the full-year target of Rs 17.55 trillion at the end of February, according to data released on Friday by the Controller General of Accounts (CGA). In comparison,…

Questions have been raised over NSW Labor’s promise to scrap the 3.5 per cent wage cap for public sector workers, with concerns a 1 per cent increase could raise state expenditure by $2.6b. Public sector wages make up about 40 per cent of…

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Queensland single parent families are losing more than $10,000 a year trying to maintain a “basic standard of living” as wage growth struggles to keep up with record inflation. A new report by the Queensland Council of Social Service…

Treasurer Jim Chalmers has warned the upcoming federal budget would be written on the “backdrop” of a deteriorating global situation and shared new detail on how a likely global recession would hit Australia.“The world is bracing for…